Franklin Bank (FBTX) Appoints Alan E. Master as CEO
Franklin Bank Corp. (Nasdaq: FBTX) announced that Alan E. Master, President and a director of Franklin, has been appointed Chief Executive Officer of Franklin. Mr. Master has been a director of Franklin and Franklin's wholly owned subsidiary, Franklin Bank, S.S.B., since April 2002, and was appointed President of Franklin in May 2008.
In connection with the appointment of Mr. Master as Chief Executive Officer, Mr. Lewis S. Ranieri resigned his position as interim Chief Executive Officer. Mr. Ranieri currently serves as Chairman of the Board of Franklin and as a member of the board of directors of the Bank. Mr. Ranieri will continue his service as Chairman of the Board of Franklin.
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Franklin Bank Corp. is a savings and loan holding company. [SM]
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